tariffs

China’s top agriculture consultancy said last week that it believes China can and will make good on a promise to purchase more than $40 billion in U.S. agricultural products per year.  That pledge is part of a Phase One trade deal the two countries recently agreed to.  Reuters ...

China recently announced a change in tariff rates on imported goods from around the world that will start on January 1st.  The country will lower tariffs on global imports in a move that’s designed to give domestic consumers some support, even as a trade truce with the U.S. takes s...

Both China and the U.S. officials confirmed on Friday that they’ve reached a “Phase One” agreement.  Emerging details show the agreement includes some tariff relief, increased agricultural purchases, as well as structural changes to intellectual property and technology issues.  However, a CNBC repo...

The December 15th deadline looms for President Trump to decide whether to impose new tariffs on imports from China. "It really depends on China," said Ag Secretary Sonny Perdue.  "We think their proposal is good, but are they serious, do they really want to put in black and white they're committing to do? lik...

The Wall Street Journal reports that the U.S. and China still can’t agree on the size of future Chinese purchases of U.S. agricultural commodities. President Trump wants China to commit to buying $40 to $50 billion worth of American farm goods per year, which is significantly higher than the $8.6 bil...

On Monday, President Trump announced new tariffs on Brazil and Argentina, citing harm to U.S. farmers. Trump said the tariffs on steel from Brazil and Argentina are in response to the “devaluation of their currencies.” Speaking to reporters on the White House lawn before departing for the NATO gathering in London, President Trump stated,  “Our steel companies will be very happy, and our farmers wi

On November 15th, Ag Secretary Sonny Perdue announced the second round of Market Facilitation Program payments.  But before a third round is issued, one top Ag senator says the trade aid program needs to be addressed; and fixed.  Ashley Davenport explains.    ...

Trade negotiations with China continue as the U.S. and China seek to wrap up a phase one agreement, promised two weeks ago.  U.S. Commerce Secretary Wilbur Ross told Fox Business News, "the ball is in China's court," in an interview Monday.  He...

Both USMCA and a Phase One agreement with China appear to be slowly edging forward.  The Hagstrom Report quotes House Speaker Nancy Pelosi as saying, “We are within range of a substantially improved agreement for America’s workers. Now, we need to...

A recent independent report suggests U.S. trade aid in 2019 for farmers may surpass limits set in World Trade Organization commitments. The report for the American Enterprise Institute by Joe Glauber, a former Department of Agriculture Chief Economist, suggests the size of payments made to producers in 2019 may encourage other WTO members to challenge the payments...